Staley exoneration poses questions for regulators

Barclays' investment bankers will be grateful the CEO is staying at the bank, but questions will be asked of the regulators' decision

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By

David Wighton

April 20, 2018 Updated: 12:18 p.m. GMT

Jes Staley is not the only Barclays employee who has been reprieved. Thousands of staff at the group’s investment bank will also be breathing a sigh of relief after the UK financial regulators decided not to demand his sacking as chief executive over his attempts to uncover the identity of a whistleblower.

Staley’s removal would have led to fears that the underperforming investment bank would face further deep cuts. The former JPMorgan executive is the investment bank’s strongest advocate on the board and observers believe...